Faraday Future Intelligent Electric Inc (FFIE)

[brunners]

(Reuters) -Electric-vehicle startup Faraday Future Intelligent Electric said on Friday it was planning a reverse stock split, as it looks to regain compliance with Nasdaq's minimum bid price requirements.
Nasdaq requires shares trade above $1 and sends a notice when a company trades below that mark for 30 consecutive business days.
Companies then have a 180-day period within which the stock has to trade above $1 for at least 10 consecutive days to comply with the rules, although a second 180-day period can be granted if they meet other requirements.